Euro Leaders Talking Regionally, Acting Nationally: Economist

4:00 AM ET Fri, 27 Jan 2012

"Europe needs a two-speed euro," Dr Gerard Lyons, chief economist at Standard Chartered, said on CNBC, "You don't have any room for flexibility, any room for manoeuver and that's why here at Davos, one of the big worries that people have is that this European problem is going to run."